GJ Town India

LGD market could grow between 10 to 17 mn cts by 2030 Lab-grown diamonds (LGD) have existed for more than 60 years, with limited effect on the natural gem-quality market. But advancements in technology have pushed the lab-grown market into a more competitive position. Most notably, new chemical vapor deposition (CVD) technology deeply cut the cost to produce larger, higher-quality diamonds. Today, it costs $300 to $500 per carat to produce a CVD lab-grown diamond, compared with $4,000 per carat in 2008.   As production costs have dropped, retail prices have followed. The retail price of gem-quality lab-grown diamonds have nearly halved in the past two years, while wholesale prices dropped threefold. Prices are expected to decrease even further as production efficiencies increase, new competitors enter the market and the segment commoditizes. Lab-grown diamond producers have two options:1: to pursue gem-quality production for retail jewelry sales or to produce diamonds

Traditionally strong in large stone manufacturing, relinquishing positions to India Four strategies to sustain in Cutting and Polishing! Healthy growth in the diamond jewelry retail market supported a 2% increase in cutting and polishing revenue, putting the segment on positive ground in 2017. While the cutting and polishing segment grew overall, profit gains in 2017 were mostly limited to producers of small stones. Companies that specialize in large, high-quality stones experienced pressure from retailers in 2017.   That trend reversed in the first part of 2018. To sustain profitability, cutting and polishing companies are focusing on four strategies: managing inventory levels, shortening production cycles, optimizing yields and expanding operations.  Technology is leading improvements in the cutting and polishing segment, from digitally mapping and modeling stones to automating cutting processes.  Because of its low labor costs, favorable regulatory environ

AWDC publishes 8 th diamond report LGD to shrink diamond Demand over 5% by 2030 The eighth annual report on the global diamond industry is prepared by the Antwerp World Diamond Centre (AWDC) and Bain & Company. This year’s edition covers industry developments in 2017 and the first half of 2018 and takes a close look at key industry trends.   The report begin with important developments along the value chain. In subsequent sections, we review factors that influenced rough diamond production and sales, midstream performance and global diamond jewelry demand in major markets. It also provides an update on the long-term outlook for the diamond industry through 2030. The 2030 supply-demand forecast considers announced production plans, recent changes in mining operations, potential additional sources of supply, expected changes in global and regional macroeconomic parameters, and potential effects of lab-grown diamonds. Readers looking for a brief overview of

Gen Z and Millennials now account for two-thirds of Global diamond jewellery demands as sales reach record high   Millennials already represent majority of Global demand while Gen Z is set to be even bigger De Beers publishes The Diamond Insight Report 2018! The Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, as diamond jewellery demand reached a new record high of US$82 billion, according to data published today by De Beers Group in its latest Diamond Insight Report. Millennials, those people currently aged 21 to 39, represent 29 per cent of the world’s population and are the current largest group of diamond consumers. They accounted for almost 60 per cent of diamond jewellery demand in the US in 2017 and nearly 80 per cent in China. Gen Z, those currently aged up to 20, is an even larger consumer generation - representing 35 per cent of the world’s population and will come of age as diamond con